Chart Industries reports Q4 adjusted EPS $2.25, consensus $2.09

Reports Q4 revenue $1.02B, consensus $1.1B. Reports Q4 record backlog of $4.28B, up 3.3% versus Q3. “We are extremely pleased with the integration of Howden, having exceeded our year-one commercial and cost synergies targets ahead of schedule. This is one of many contributors to our above market growth and increasing operating margin profile as we provide more full solutions to customers” stated Jill Evanko, Chart’s CEO and President. “Our 2024 outlook reflects our record backlog, exposure to secular growth trends such as energy transition, industrial decarbonization, and clean water as well as continued automation, productivity, and capacity actions. Further, our focus on cash generation for debt paydown and balance sheet deleveraging positions the business to deliver on our reiterated medium-term financial targets.”